Business Unit: COO, Financial Crime
Salary Range: £39,200 - £49,000 per annum DOE + red-hot benefits
Location: UK Hybrid with some travel to our key hubs including Glasgow and Gosforth
Contract Type: Permanent
Be a change maker with more cha-ching. Live a life more Virgin.
Our Team
Financial Crime have a critical role to play in keeping the bank and our customers safe. We’re responsible for shaping the strategic direction and acting on the implementation of our Financial Crime strategies and plans in line with VM’s risk appetite statement, business plans and agreed financial plans.
We have an opportunity for an engaging and dynamic risk specialist who’ll be responsible for safeguarding our business against financial crime and fraud and using expert knowledge to guide the strategic direction of the first line Economic Crime Risk team.
What you’ll be doing
Play a crucial role in enhancing our Economic Crime (EC) Control Framework and support its rollout to our dynamic first-line teams. Your contributions will be vital in our fight against financial crime!
Assist in implementing our Corporate Criminal Offences (CCO) roadmap. You'll be key in delivering essential interventions like training, communication, risk assessments, and developing important CCO metrics and KRIs for impactful reporting.
Support the delivery of comprehensive annual Enterprise-wide Risk Assessments for AML/CFT, FoTE/ABC, Fraud, and Sanctions/Proliferation Financing. Your expertise will help safeguard our operations.
Work closely with colleagues across the Bank to drive consistent and rigorous operational risk practices. You'll handle internal information requests from stakeholders, including commercial teams and the second line of defence, fostering a culture of innovation and collaboration.
Accurately escalate findings to the Economic Crime Risk Manager and provide insightful recommendations for remediating systems and controls deficiencies, ensuring our defences are always robust.
Draft inputs and update slides for standing EC and business risk committees and forums. You'll present to key stakeholders like the Money Laundering Reporting Officer and Senior Managers responsible for fraud and financial crime.
Collaborate with stakeholders across the business to support the delivery of action plans addressing findings from Audit, Assurance, and self-identified EC issues. Your contributions will drive continuous improvement and excellence.
Support and drive the delivery and execution of key strategic EC Projects. Your efforts will be crucial in achieving our strategic goals and making a significant impact.
We need you to have
Expertise in Economic Crime Risk Management. Demonstrated expert knowledge in managing risks related to Economic Crime, with a strong focus on Anti-Bribery and Corruption in particular, as well as Fraud, AML/CTF, and Sanctions.
Proven experience in conducting thorough root cause analysis and presenting findings clearly and effectively to a variety of stakeholders.
Strong skills in engaging and managing relationships with stakeholders, ensuring effective collaboration and communication.
Articulate and influential, with excellent verbal and written communication skills to convey complex information clearly and persuasively.
Ability to make well-considered decisions, balancing risk and opportunity in a dynamic environment.
Resilient and adaptable, capable of thriving in a maturing environment with evolving changes.
It’s a bonus if you have but not essential
Proficiency in reporting and visualizing Management Information (MI) and data, ensuring clear and actionable insights for stakeholders
Solid experience in managing projects and driving change initiatives, ensuring successful implementation and adaptation within the organization.
In-depth understanding of retail banking products, distribution channels, and customer segments (both retail and business mass market), including specialist business and strategic finance products.
Red Hot Rewards
Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
Up to five extra paid well-being days per year.
20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
Market-leading pension.
Free private medical cover, income protection and life assurance.
Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks
